Bentley Systems: Bullish On Q2 EPS Beat And Improving Industry Trends

Bentley Systems remains a buy based on my assessment of its quarterly results and the latest sector-specific indicators. Drivers of BSY's Q2 2026 EPS growth acceleration include a strong performance from the Seequent and Power Line Systems businesses, robust SMB ARR expansion, and healthy net revenue retention. Key metrics like the Architecture Billings Index and non-residential construction spend are improving on a sequential basis; this supports BSY's favorable FY2026 outlook.